Analysts Anticipate Morgan Stanley (MS) Will Announce Quarterly Sales of $9.44 Billion

Wall Street analysts expect Morgan Stanley (NYSE:MS) to announce sales of $9.44 billion for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Morgan Stanley’s earnings. The lowest sales estimate is $9.16 billion and the highest is $9.84 billion. Morgan Stanley posted sales of $9.50 billion in the same quarter last year, which suggests a negative year-over-year growth rate of 0.6%. The business is scheduled to report its next earnings report before the market opens on Thursday, January 17th.

According to Zacks, analysts expect that Morgan Stanley will report full year sales of $40.99 billion for the current financial year, with estimates ranging from $40.67 billion to $41.39 billion. For the next year, analysts forecast that the company will report sales of $41.64 billion, with estimates ranging from $41.00 billion to $42.27 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for Morgan Stanley.

Morgan Stanley (NYSE:MS) last announced its quarterly earnings data on Tuesday, October 16th. The financial services provider reported $1.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.16. Morgan Stanley had a return on equity of 12.51% and a net margin of 15.93%. The company had revenue of $9.87 billion for the quarter, compared to analysts’ expectations of $9.55 billion. During the same quarter in the prior year, the business posted $0.93 EPS. The business’s revenue was up 7.3% compared to the same quarter last year.

A number of equities research analysts have recently issued reports on the company. Zacks Investment Research cut Morgan Stanley from a “hold” rating to a “sell” rating in a research note on Thursday, January 3rd. Wells Fargo & Co upgraded Morgan Stanley from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $56.00 to $60.00 in a research note on Wednesday, October 24th. HSBC cut Morgan Stanley from a “buy” rating to a “hold” rating and set a $54.00 price objective on the stock. in a research note on Tuesday, October 2nd. Keefe, Bruyette & Woods cut Morgan Stanley from an “outperform” rating to a “hold” rating and set a $45.00 price objective on the stock. in a research note on Tuesday, December 11th. Finally, Citigroup upgraded Morgan Stanley from a “neutral” rating to a “buy” rating and dropped their price objective for the stock from $50.00 to $48.00 in a research note on Wednesday. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $56.06.

Shares of Morgan Stanley stock opened at $41.74 on Friday. Morgan Stanley has a 12-month low of $36.74 and a 12-month high of $59.38. The company has a market cap of $71.80 billion, a PE ratio of 11.59, a P/E/G ratio of 0.69 and a beta of 1.24. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 2.67.

Several hedge funds have recently bought and sold shares of MS. FMR LLC increased its holdings in shares of Morgan Stanley by 4.4% during the 2nd quarter. FMR LLC now owns 45,817,038 shares of the financial services provider’s stock worth $2,171,728,000 after acquiring an additional 1,936,093 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of Morgan Stanley by 2,318.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 31,442 shares of the financial services provider’s stock worth $1,490,000 after acquiring an additional 30,142 shares during the last quarter. Centaurus Financial Inc. increased its holdings in shares of Morgan Stanley by 26.5% during the 2nd quarter. Centaurus Financial Inc. now owns 18,860 shares of the financial services provider’s stock worth $894,000 after acquiring an additional 3,951 shares during the last quarter. Zurich Insurance Group Ltd FI increased its holdings in shares of Morgan Stanley by 2.8% during the 2nd quarter. Zurich Insurance Group Ltd FI now owns 256,205 shares of the financial services provider’s stock worth $12,144,000 after acquiring an additional 7,050 shares during the last quarter. Finally, Worldquant Millennium Quantitative Strategies LLC acquired a new position in shares of Morgan Stanley during the 2nd quarter worth approximately $1,411,000. 85.06% of the stock is currently owned by institutional investors and hedge funds.

Morgan Stanley Company Profile

Morgan Stanley, a financial holding company, provides various financial products and services to corporations, governments, financial institutions, and individuals in the Americas, Europe, the Middle East, Africa, and Asia. The company operates Institutional Securities, Wealth Management, and Investment Management segments.

Featured Story: Why are analyst ratings important in trading stocks?

Get a free copy of the Zacks research report on Morgan Stanley (MS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Morgan Stanley Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Morgan Stanley and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply